Electroceramics Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2799
The global electroceramics market outlook will be robust with increasing demand from the automobile, electronics and power industries. Electroceramics resist the flow of current and are used in applications such as data storage, capacitors, optoelectronic devices, power distribution and sensors. The materials can provide favorable electrical attributes with high mechanical, thermal and chemical stability.Theyt will continue to gain prominence across a range of industries. Besides, 5G is being considered as a massive leap for electroceramics. The demand for commercial wireless technology in 5G will trigger the demand for materials like piezoelectric ceramics.
Based on product type, the piezoelectrics segment will expand at a considerable growth rate through 2027. Piezoelectric materials have gained popularity in energy harvesters and shock igniters on gas grills in hybrid electric cars. Piezoelectric ceramic components are driving innovations in electronic components such as actuators, active sensors, micro-displacement devices and ultrasonic transducers. Piezoelectric products have set the trend in generation of frequency, production and detection of sound and high voltages and ultra-fine focusing of optical assemblies as a microbalance.
On the basis of application, the automotive segment is expected to garner a considerable share of electroceramics market during the forecast period 2021-2027. High-performance materials with tremendous properties are being highly sought after in the automotive industry. Electroceramics will continue to boost lifespan with more functionality and reliability. Some of the ceramic parts such as knock sensors, oxygen sensors and exhaust gas catalysts are increasingly being applied into automobiles. The materials can help driving performance, fuel improvements and exhaust gas purification.
With respect to region, Asia Pacific electroceramics market forecast will be strong with the growth of the semiconductor and electronics sectors. Industry participants have exhibited traction for electroceramics in data storage devices, capacitors, power distribution devices, actuators and sensors. Emerging economies such as China and India are likely to invest in electroceramics to optimize space and boost technological feasibility.
North America will account for a considerable share during the forecast period with the rapid expansion of 5G technology services in the U.S. Research activities in high frequency electro ceramics materials in 5G research have encouraged electroceramics market players to invest in the portfolio. Besides, technological advancements in energy storage technology may push North American electroceramics suppliers into clean energy solutions. The growth in the telecommunication industry across the region will continue to boost industry outlook.
The competitive landscape of the global electroceramics market indicates a strategic shift towards mergers & acquisitions, partnerships, innovations, research and development activities and product launches. To illustrate, Kyocera inked a merger agreement with AVX in February 2020 and will acquire all of the outstanding shares of the latter that it does not own. Following the completion of the transaction, AVX will be a wholly-owned subsidiary of Kyocera.
Some of the leading companies in the electroceramics industry are Hitachi Metals America Ltd., Kyocera Corporation, Dexter Magnetic Technologies Inc., Keltron Electro Ceramics Ltd., APC International Ltd., Maruwa Co. Ltd., Annon Piezo Technology Co. Limited, Coorstek Inc., and Rubicon Technology, among others.
COVID-19 influence on the global electroceramics market
The impact of the coronavirus will mainly be witnessed in the electronics industry with a potential influence from its supply chain. The repercussions of the outbreak in China and its trade war with the U.S. meant several companies shifted their electronics manufacturing to other regions. For instance, Sony closed its manufacturing plants in China and Malaysia owing to the pandemic, lockdowns and subsequent retailer closures.
A significant number of manufacturing facilities in other parts of the world also witnessed shutdowns, impacting overall electronics and automotive production. Companies anticipate a recovery in production over the next few years due to expectations that consumer spending will be revved up with the lifting of COVID-related restrictions.
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability